Bank Earnings Kick Off Earnings Season

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Bank Earnings Kick Off Earnings Season. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

US stocks slip from record highs as traders digest earnings

Brendan McDermid | Reuters Bruce McCain, chief investment strategist at Key Private Bank, said this earnings season is off to a good start. “There’s kind of a general feeling that things are better than they have been, and that’s being reflected in the earnings season,” he said.

The S&P 500 (SPY) slipped 0.17% today as bank earnings kick off earnings season. S&P sector advancers tied decliners by 5 to 5. Consumer staples (XLP), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) all melted up by less than 1%. Consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV) and technology (XLK) finished lower by less than 1%.

The Dow Jones index lost 31 points closing at 22,841. The Nasdaq was in the red by 12 points ending at 6,591.

The main focal point from today’s session was the start of earning season with the release of the earnings of JP Morgan Chase (JPM) and Citigroup (C). Both financials beat the Streets estimates, however the two ended the day in the red. The XLF (financial ETF) is up 12.3% YTD.

Some bright spots and standouts from today’s action included AT&T (T) which dropped more than 6% today after reporting a loss of 90,000 video customers in the 3rd Quarter. Fellow media companies such as Disney (DIS) and Comcast (CMCSA) fell 1.6% and 3.9%, respectively, as the fear of cord cutting intensifies.

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

10/12/17

S&P 500 Sector Graph

Bank Earnings Kick Off Earnings Season

S&P 500 (SPY)

Bank Earnings Kick Off Earnings Season

Consumer Discretionary (XLY)

Bank Earnings Kick Off Earnings Season

Consumer Staples (XLP)

Bank Earnings Kick Off Earnings Season

Energy (XLE)

Bank Earnings Kick Off Earnings Season

Financials (XLF)

Bank Earnings Kick Off Earnings Season

Real Estate (XLRE)

Bank Earnings Kick Off Earnings Season

Healthcare (XLV)

Bank Earnings Kick Off Earnings Season

Industrials (XLI)

Bank Earnings Kick Off Earnings Season

Materials (XLB)

Bank Earnings Kick Off Earnings Season

Technology (XLK)

Bank Earnings Kick Off Earnings Season

Utilities (XLU)

Bank Earnings Kick Off Earnings Season

S&P 500 Sector Heat Map

Bank Earnings Kick Off Earnings Season

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